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Topic: When Taproot? - page 2. (Read 334 times)

legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
June 24, 2024, 09:05:03 AM
#3
It took longer then 30 months for some of these places to start using segwit addresses so why would you think they are going to rush to taproot?

Large regulated exchanges & services are paranoid beyond belief when it comes to making changes to their systems. So, no matter how much we complain or pester them it's probably still going to be another 30 months before they area all onboard.

-Dave
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
June 24, 2024, 09:00:07 AM
#2
If you are a customer of any of these businesses, go open a support ticket and complain that you can't send money to your wallet. These businesses don't really care about Bitcoin benefiting from Taproot's slight privacy and efficiency gains, but they do care if it increases the burden on their support system.
I thought those like Ordinals are benefiting from taproot more. Is that not correct? There are many people that are still using bech32 addresses because it has the lowest fee for transaction except when the inputs are more. If the inputs and outputs are the same and if the outputs are many than the inputs, bech32 addresses have lower fee. All wallets that I have seen that is having bech32m are having bech32 as their default derivation path.
member
Activity: 378
Merit: 93
Enable v2transport=1 and mempoolfullrbf=1
June 24, 2024, 08:54:29 AM
#1
It's been 2 and a half years since the Taproot soft fork was activated (November 14, 2021, Block Height 709632). Taproot addresses begin with bc1p and currently account for ~33% of the traffic on the Bitcoin network: https://transactionfee.info/charts/inputs-types-by-count/

Still, there are very large organizations that will not let you withdraw to Taproot addresses. https://whentaproot.org tracks which projects have or haven't implemented support for sending to Taproot. On the list of shame, we have these services:



If you are a customer of any of these businesses, go open a support ticket and complain that you can't send money to your wallet. These businesses don't really care about Bitcoin benefiting from Taproot's slight privacy and efficiency gains, but they do care if it increases the burden on their support system.
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